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World Food Day: Saudi sheep prices soaring

10.16.12

With Eid al-Adha approaching, Saudi Arabia’s largest sheep markets are swarmed with buyers and sellers settling bargains. Sheep prices have soared up to $550 with speculations that they could reach $800, two days before the forthcoming Muslim feast.

The boycott of poultry products after the hike in its prices, and the high prices of sheep’s fodder are some of many reasons that pushed the sheep dealers to seek such high prices, while the best quality of sheep used to be sold for $400.


"With Eid al-Adha approaching, Saudi Arabia's largest sheep markets are swarmed with buyers and sellers settling bargains. Sheep prices have soared up to $550 with speculations that they could reach $800, two days before the forthcoming Muslim feast. The boycott of poultry products after the hike in its prices, and the high prices of sheep's fodder are some of many reasons that pushed the sheep dealers to seek such high prices, while the best quality of sheep used to be sold for $400."


Click here to read the full article on Al-Bawaba

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